Market Overview

D.A. Davidson Downgrades Several Tech Stocks; Which Tech Stocks Do Analysts Like?


Over the past few days, D.A. Davidson downgraded Rackspace Hosting, Inc. (NYSE: RAX) from Neutral to Underperform, RF Micro Devices, Inc. (NASDAQ: RFMD) and TriQuint Semiconductor (NASDAQ: TQNT) from Buy to Neutral ratings, and maintained a Neutral rating for Gigamon Inc (NYSE: GIMO).

If D.A. Davidson does not like these tech companies, which ones does it like? And which ones are other research firms fond of?

Skyworks Solutions Inc (NASDAQ: SWKS)

In early November, D.A Davidson reiterated its Buy rating for Skyworks Solutions, setting a $75 price target. The stock closed Monday at $68.51, leaving plenty of upside potential.

JMP Securities is also bullish on the stock and restated its Market Outperform rating on Monday, with a $95 price target. Moreover, Sterne Agee maintained a Buy rating and $72 target.

Splunk Inc (NASDAQ: SPLK)

Summit Research Partners initiated coverage on Splunk and issued a Buy recommendation. Morgan Stanley also likes the stock and rated it Overweight, fixing an $82 price target -– up from Monday's close of $54.87.

Broadcom Corporation (NASDAQ: BRCM)

Broadcom also received an upgrade on Monday, when Evercore ISI upped its recommendation from Hold to Buy, with a $55 price target.

Brean Capital has also rated Broadcom as a Buy recently, setting a $53 price target, while Goldman Sachs upgraded it in mid-November from a Neutral to a Buy.

Latest Ratings for RAX

Nov 2016TerminatesEqual-Weight
Aug 2016DowngradesMarket PerformUnderperform
Aug 2016DowngradesStrong BuyNeutral

View More Analyst Ratings for RAX
View the Latest Analyst Ratings

Posted-In: Brean Capital D.A. DavidsonAnalyst Color Long Ideas Upgrades Downgrades Analyst Ratings Trading Ideas


Related Articles (BRCM + GIMO)

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